Match Group Inc.’s filing revealed that its Chief Bus. Affairs & Leg. Off. Sine Jared F. unloaded Company’s shares for reported $18025.0 on Mar 01 ’24. In the deal valued at $36.05 per share,500 shares were sold. As a result of this transaction, Sine Jared F. now holds 54,009 shares worth roughly $1.82 million.
Then, Sine Jared F. sold 500 shares, generating $19,380 in total proceeds. Upon selling the shares at $38.76, the Chief Bus. Affairs & Leg. Off. now owns 29,352 shares.
Before that, Sine Jared F. sold 500 shares. Match Group Inc. shares valued at $17,990 were divested by the Chief Bus. Affairs & Leg. Off. at a price of $35.98 per share. As a result of the transaction, Sine Jared F. now holds 29,852 shares, worth roughly $1.01 million.
Raymond James initiated its Match Group Inc. [MTCH] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in early December with a ‘”an Equal weight”‘ rating. BofA Securities began covering MTCH with “Buy” recommendation on October 19, 2023.
Price Performance Review of MTCH
On Friday, Match Group Inc. [NASDAQ:MTCH] saw its stock fall -0.03% to $33.71. Over the last five days, the stock has lost -7.08%. Match Group Inc. shares have fallen nearly -7.64% since the year began. Nevertheless, the stocks have fallen -8.97% over the past one year. While a 52-week high of $49.24 was reached on 01/09/24, a 52-week low of $27.85 was recorded on 03/14/24. SMA at 50 days reached $35.79, while 200 days put it at $38.16. A total of 4.45 million shares were traded, compared to the trading of 2.62 million shares in the previous session.
Levels Of Support And Resistance For MTCH Stock
The 24-hour chart illustrates a support level at 33.35, which if violated will result in even more drops to 32.99. On the upside, there is a resistance level at 34.05. A further resistance level may holdings at 34.40. The Relative Strength Index (RSI) on the 14-day chart is 39.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.75%. Stochastics %K at 33.66% indicates the stock is a holding.
How much short interest is there in Match Group Inc.?
A steep rise in short interest was recorded in Match Group Inc. stocks on Mar 15, 2024, growing by 0.79 million shares to a total of 12.3 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 11.51 million shares. There was a rise of 6.42%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.09% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.07.
The most recent change occurred on September 26, 2023 when HSBC Securities began covering the stock and recommended ‘”a Hold”‘ rating along with a $47.10 price target.
